On 11 June 2021, Pakistan's Federal Budget 2021-2022 was presented to parliament. Some of the main proposed measures are summarized as follows. Income Tax Measures Proposed income tax measures include: The reduction of withholding and tax collection (advance tax) requirements with the removal of 12 withholding and tax collection provisions regarding: banking transactions; Pakistan stock exchange; margin financing; air travel services; international transactions through debit and credit cards; and extraction of minerals; A reduction of the withholding tax rate on mobile phone services from 12.5% to 10% for the 2022 tax year, with a further reduction to 8% in subsequent...